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TDS U/194Q, Income Tax |
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TDS U/194Q |
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Will TDS u/s 194Q be deducted by purchaser if seller is not charging TCS as buyer has produced Form 27C to the seller. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Whether the purchase is a manufacturer or trader?
Purchaser if Manufacturer, and he is purchasing Coal
No TCS is required to be done for coal if Form 27C is filed. If your income is exempted then no deduction is required under section 194Q; otherwise you have to deduct if the threshold limit of your aggregate purchase value exceeds ₹ 50 lakhs. Page: 1 Old Query - New Comments are closed. |
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